Ricardo (LON:RCDO) Stock Price Down 25% – What’s Next?

Shares of Ricardo plc (LON:RCDO) were down 25% during trading on Thursday . The stock traded as low as GBX 260 ($3.24) and last traded at GBX 264 ($3.29). Approximately 4,412,265 shares traded hands during mid-day trading, an increase of 849% from the average daily volume of 464,721 shares. The stock had previously closed at GBX 352 ($4.38).

Wall Street Analysts Forecast Growth

RCDO has been the subject of several recent research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 730 ($9.09) target price on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital reaffirmed a “sell” rating on shares of Ricardo in a research note on Thursday.

Ricardo Stock Performance

The company has a debt-to-equity ratio of 79.12, a current ratio of 1.86 and a quick ratio of 1.57. The company has a market capitalization of £164.23 million, a PE ratio of 26,400.00 and a beta of 0.58. The stock has a 50-day simple moving average of GBX 403.19 and a 200 day simple moving average of GBX 444.27.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.